Neoclassical Economics, Definition(s) of

  • A (36)
  • B (19)
  • C (58)
  • D (26)
  • E (34)
  • F (43)
  • G (20)
  • H (19)
  • I (27)
  • J (11)
  • K (1)
  • L (16)
  • M (27)
  • N (18)
  • O (18)
  • P (33)
  • Q (5)
  • R (30)
  • S (59)
  • T (16)
  • U (4)
  • V (7)
  • W (39)

"Workers' preferences determine the quantity of hours." (Schor).

"Concerns itself primarily with the allocation of resources and goods in the economy, above all through the operation of markets… privilege a range of methodological perspectives and assumptions, especially regarding the autonomy of individual economic actors …, the utility-maximizing behavior of individuals … based on marginal theories of production and distribution, and the possibility of perfectly competitive equilibrium in markets." (Calhoun, 2003).

Glossary Source: 

Schor, J. (2003, May 12). Work Time and Gender Inequities, A Sloan Work and Family Encyclopedia Entry. Chestnut Hill, MA: Boston College.

Neoclassical Economics. (2002). In Craig Calhoun, (Ed.), Dictionary of the social sciences in politics and social sciences. UK: Oxford University Press, Inc. Internet Explorer. www.oxfordreference.com (16 June 2003).